Matium Updates and News

Public Offers (Beta)

Buy and sell with the entire Matium Network!

• Materials from vetted suppliers are now being shared with the entire Matium Network.
• Buyers can bid on a public offer and then negotiate with the seller on price and terms.
• Visit the Offers page to view all public offers along with any private offers that have been sent directly to your company.
• Find all of your bids under the Negotiations tab.

Important notes:

• Offers are not final until accepted by the buyer and then confirmed by the seller.
• Buyers may be asked to complete a credit application. This is to facilitate payments and insure transactions on the platform.

Sellers can contact the Matium Market Team at market@matium.com to create a public listing.

Additional Improvements

• The full Pickup or Delivery Address (depending on Shipping Terms) is now being shown on the offer detail page when an offer is confirmed.
• An alignment issue has been resolved when generating a packing list for a shipment.
• A bug preventing Core users from creating a single Purchase Order for a Have Group has been resolved.

Public Requests (Beta)

Buy and sell with the entire Matium Network!

• Suppliers can now browse requests that have been shared with the entire Matium Network and submit one or more material offers to fulfill a need.
• Visit the Requests page to view all public requests along with any private requests that have been sent directly to your company.
• Any offers that are submitted will be shown on your Offers page and you will be notified if your offer is accepted, countered or declined.
• Note that all accepted offers must be confirmed by the supplier.

Buyers should contact the Matium Support Team at market@matium.com to create a public listing.

Touchpoints for Companies

Managing your customer relationships just got easier! Core users can now log touchpoints, or interactions, with their customers.

• Navigate to a company detail page to view last touch date, next touch date and the most recent touchpoint notes.
• Click Add to capture notes about a new customer interaction.
• Click View All to view all touchpoints for the customer.

Management Reports

All administrators subscribed to Matium Core will start receiving weekly management reports, providing unique insights into your business on Matium!

• The Leaderboard lists your top rep, top material, top buyer and top supplier for the last week.
• Last Week's Activity breaks down key metrics for new offers, haves, needs, orders and delivered shipments.
• Detailed activity by rep, material and company for the last week will be delivered as CSV attachments.
• To opt out of the emails, visit your Personal Settings and uncheck Management Reports under Reports.

Enhancements to Requests

Responding to Network Requests with a new material offer just got a whole lot easier!

• Responding to a request now sends a private offer directly to the buyer in a single step.
• Any offers sent in response to a request will be shown on the Request Detail Page under "My Sent Offers" with the current status of each.
• For any offer sent in response to a request, the request will be shown in the header on the Request Detail Page.

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Share documents when sending material requests, find new companies to link with in the Directory with the help of suggested links and more!

Documents on Requests

Buyers can now attach documents to their requests, allowing you to share images, RFQs, etc. about the material you are looking to buy.

• When creating a new Request, attach documents or images that will be shared with all companies you send the request to.
• To share additional documents with just a single company, visit the Documents tab on a Request detail page.
• Receivers of requests can visit the Documents tab on the Request detail page to view all of the documents shared by the buyer.
• Note: While all companies can receive requests, only companies subscribed to Matium Core can send requests to their Network. To update your subscription status, Administrators can visit the Billing area under Administration in the left sidebar.

Suggested Links

The Directory now shows suggested links. Companies will be suggested if they have similar material profiles, locations close to you or are linked with similar companies.

• Update your company's public profile with a complete list of materials you buy and sell and all company locations to get the most relevant suggestions.
• Link up with others to increase the chances that your company will be suggested!

QBO Support for non-U.S. Companies

Matium now supports integrating with QuickBooks Online systems in regions outside the United States.

We have two exciting updates to the Matium Network - Documents on Offers and Conversations on Requests. Get all of the information you need directly from suppliers and buyers when purchasing materials on Matium.

Documents on Offers

Suppliers can now attach documents to their offers, allowing you to share additional images, data sheets, etc. about the material lot you are selling.

• When creating a new Offer, attach documents or images that will be shared with all companies you send this material lot to.
• To share additional documents with just a single company, visit the Documents tab on an Offer detail page.
• Receivers of offers can also visit the Documents tab on the Offer detail page to view all of the documents shared by the supplier.

Conversations on Requests

All users can now converse directly with the owner of a material request on the platform.

• On a Request detail page, go to "Conversation' in the bottom right to send and receive messages about a material request.

Commission Tracking

Core users can now track commissions on shipments - based on a fixed amount or a percentage of gross profit, material cost or material sale.

• Visit the Finance tab on a Shipment detail page to enter commissions and mark as paid.
• View the net profit for the shipment taking all commissions into account.

Company Touchpoints

Utilizing Matium as a CRM for your materials business just got easier. Track your last touch with a customer and your scheduled next touch - then sort on either one to identify which customers need your attention.

• Company cards now show last touch and next touch dates. Sort on either field.
• Next touch will turn red when the date has passed.
• Visit a Company detail page to update last touch and next touch dates.
• Coming soon...call notes and history for touchpoints.

Support for International Company Locations

• Matium Core now supports international company locations.

Network Matches

Network Matches are live! Matium is now matching your incoming Network Offers with your Core Needs and your incoming Network Requests with your Core Haves to help you find your best buy and sell opportunities.

• Visit Matches under Network and rank your Network Matches by overall rating, price, location or material rating.
• Click on a match card to respond to a Network Request or a Network Offer.
• You'll also find Network Matches on the detail page for an individual Core Have, Core Need, Network Request or Network Offer.

Note: You must have an active subscription to Matium Core to view Network Matches.

Learn more about Network Matches

Archive Core Contacts and Locations

Core users now have the ability to archive contacts and locations for their Core Companies.

• Visit a Core Company detail page to archive a location or contact that is no longer needed.
• To un-archive a contact or location, simply click the Archived toggle and select the items to un-archive.
• Note that archived contacts and locations can not be added to new Core Haves, Needs, Orders and Shipments. Archived contacts and locations will still be associated with existing Core items.

QuickBooks Online Integration (Beta)

Matium now integrates with QuickBooks Online (QBO) allowing you to create your bills and invoices in Matium and then push and sync directly with QBO for seamless accounting for your business.

• Administrators can enable the integration with QBO by visiting the Integrations tab under Administration.
• We are here to help! Reach out to us if you would like help setting up the integration.

Learn more about integrating with QBO

Processing Inventory

You can now track the creation of a new inventory item (output) from one or more existing inventory items (inputs) via Process Reports.

• Track key metrics including processing cost, yield loss, processed weight and final weight.
• Matium will automatically update your inventory lists to reflect how much of each item was used during processing and how much is still in stock.
• Matium will also suggest a target price point for the new inventory item.
• Click on Processing in the left sidebar to create a new process report from scratch or start with an existing inventory item and select New Process Report from the Actions menu.

Learn more about processing inventory

Network Reminders

All users will start receiving weekly emails summarizing activity they may have missed on the Network, including link requests and outstanding material offers.

• To opt out of the emails, visit your Personal Settings and uncheck Network Reminder Emails under Reports.

Financial Summary (Beta)

Matium now provides both a high-level look at your business's financials for the past 30 days along with a detailed look at all financial transactions logged in Matium Core.

• Click on Finance in the left sidebar to view key metrics for the past 30 days including current inventory value, total gross profit and average sale price.
• From Finance, click on Ledger, Payables and Receivables to view detailed transactions logged in Matium including material cost, material sale and freight costs.
• Note that financial transactions are always associated with shipments in Matium Core. Manage all line items on the Finance tab of a shipment's detail page.

Learn more about Financials in Matium

Network Requests (Beta) is now available! Share your material needs directly with your private network and let them know exactly what you need to buy. Send offers to the right people by looking at the requests coming into your company.

Visit Requests under Network to send a new request out to your network and view requests sent to your company.

• You can only send and receive requests with companies you are linked with on Matium.
• Only companies subscribed to Matium Core can send requests. To check your subscription plan, Administrators should visit Billing under Administration.
• All companies can receive requests regardless of their subscription plan.
• You can respond to a request by sending a material offer to the requesting company. Note that all negotiations will take place on the offer, not the request.

Learn more about Network Requests